Leasing rarely makes sense for a recreational item. What do you plan on using this boat for?

A new, "startup" company operating on venture financing will lease everything because their current cash is very "expensive" compared to the cash they (hopefully) will have later. Established companies may lease cars or equipment because it is easier to write off the expenses on their taxes.

If you are running a ski school or similar then a lease may make sense, but if this is for your own private use then I doubt that it would be worthwhile.

Never thougth of leasing a boat? leasing might be better depending on the terms, like the residual, finacing rates, lenthg of the lease, hour restrictions. For example set the residual as high as posible, get a good rate, over 3-4 years, w/ a reasonable amount of hours. your payments might be fairly cheap. that proabbly won't happen. I would also think the lease company would make you have higher insurance limits as well. Lots of variables to consider.